Скачать или смотреть CCD founder V G Siddhartha missing

In purported letter, businessman has accused private equity firm, IT dept of harassing him
A massive search operation was set in motion on Tuesday after reports emerged that VG Siddhartha, entrepreneur and founder of the popular Cafe Coffee Day chain and the original investor of IT company Mindtree had gone missing near a bridge over river Netravathi in Mangaluru on Monday night. The Karnataka government has pressed into service battalions of the Indian Coast Guard and personnel from the State fire services department and the Coastal Police to trace Siddhartha.

According to a police complaint filed by his driver, Siddhartha asked him to stop the car near the Ullal Bridge on the River Netravathi on July 29 around 8 p.m. as he said he wanted to make a phone call. The driver last saw him walking across the bridge. But when he did not turn up after 45 minutes, the driver alerted Siddhartha’s son who asked him to file a complaint with the local police.

Within hours of the incident, a letter claimed to be written by Siddhartha to the board and employees of Coffee Day Enterprises, which runs the Cafe Coffee Day chain, started circulating in the social media.

In the letter dated July 27, Siddhartha had accused a private equity firm and a former DG of the Income Tax Department of harassing him.

“I am sorry to let down all the people that put their trust in me, I thought for a long time but today I gave up as I could not take any more pressure from one of the private equity partners forcing me to buy back shares, a transaction I had partially completed six months ago by borrowing a large sum of money from a friend.” The I-T Department has, however, denied all the charges made in the letter.